Carlos Dominguez III

Finance Secretary Carlos Dominguez III announced that the Philippines is withdrawing from the Extractive Industries Transparency Initiative (EITI) due to its 'subjective, biased, and unfair' validation process.

President Duterte and Asian Development Bank (ADB) President Masatsugu Asakawa signed a $4.3 billion loan agreement for the South Commuter Railway project on Thursday.

The Fiscal Incentives Review Board (FIRB) has criticized the Philippine Economic Zone Authority (PEZA) for providing incomplete data on investments by its locators.

The national government settled its P300 billion loan with the Bangko Sentral ng Pilipinas (BSP) ahead of schedule on May 20, more than a month before President Duterte's term ends.

President Duterte signed an administrative order creating a Presidential Transition Committee (PTC) to ensure smooth government service delivery during the transition period.

The Philippines has secured a $56.6 million loan from South Korea's Export Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF) for engineering services related to the Panay-Guimaras-Negros Island Bridges Project.

As of April 28, 2022, the Department of Finance reported that taxes collected from marked fuel products amounted to P452.03 billion since the program's launch in September 2019.

The Philippine government secured a ¥30-billion (P12.3-billion) loan from Japan for COVID-19 recovery efforts.

Finance Secretary Carlos Dominguez III described the acquisition of the former Hanjin Heavy Industries and Construction shipyard in Subic Bay by US-based private equity firm Cerberus Capital Management as a 'win-win' for both military and economic interests.

Finance Secretary Carlos Dominguez III has ordered the Fiscal Incentives Review Board (FIRB) to harmonize and streamline fees charged by investment promotion agencies (IPAs) for Philippine Offshore Gaming Operators (POGOs).